COBRA allows you to keep the health insurance plan that you had, but you will be the one to pay for it all. The cost of COBRA insurance is 102% of what the premium is for the policy, and you will have to pay for the whole amount. This premium includes the portion your employer was paying, what you were paying, and a small administrative fee.
Many people find COBRA insurance to be unaffordable. For those who do, there are affordable alternatives to COBRA insurance in Arizona. Some of the COBRA insurance alternatives you should consider include:
Those who find COBRA insurance to be too expensive should consider the alternatives, rather than going without insurance. We have helped many people find more affordable alternatives to COBRA in Arizona. Our experienced agents are experts in COBRA alternatives and are able to match people with a plan that will not only fit their budget, but that will give them the coverage they need.
It’s a good idea to at least get a quote on COBRA insurance alternatives. That way you can compare the options and determine which one will work best for you, your family, and your budget. Our team of professionals can answer all of your questions, help you determine if you are eligible for COBRA, and help you find other more affordable health insurance options to consider. We help people obtain peace of mind every day!
If you have lost your job, whether voluntarily or not, you may qualify for COBRA health insurance in Arizona. COBRA, which stands for Consolidated Omnibus Budget Reconciliation Act, is a federal law that was enacted in 1985. The law made it possible for people who were receiving health insurance from their employer to keep it if they lost their job, or if their hours had been cut. In order to qualify for COBRA, you had to have been working at a place that had at least 20 employees, and that was providing you with health insurance.
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